Personal Finance News

Category: Personal Finance News

Stay ahead of the curve with the latest personal finance news. Our team of financial experts curates the latest news, trends, and analyses impacting your money. We’ll keep you informed on the stories that matter most to your financial well-being.

a retired couple looking at a financial report

Survey: 25% of Retirees Still Paying Off Credit Card Debt

A new survey from Nationwide finds that a significant number of retirees are facing financial complications. About the survey: Recently, Nationwide commissioned Harris Poll to survey adult investors — including a cohort of retirees — about their finances. Unfortunately, the results weren't particularly good news. First, 31% of retirees say that they anticipated being less secure in their retirement than previous generations of their family were. Sure enough, 22% of...
Discover debit card and app

Discover Bank Debuts Balance+ Overdraft Feature for Debit Card

Discover Bank is rolling out a new feature that could help those customers living paycheck-to-paycheck. About Balance+: This week Discover announced Balance+ for its checking accounts. Using this option, Discover customers can overdraw their checking (via debit card purchase) by up to $200 without incurring fees. However, to qualify for this feature, accountholders must have qualifying direct deposits of $200 or more for at least the past two calendar months....
Californians for Financial Education

California Personal Finance Education Bill Signed Into Law

The state of California will soon be rolling out a financial literacy course as part of its high school curriculum. About the bill: California Governor Gavin Newsom has signed Assembly Bill 2927 — better known as the Personal Finance Education bill — into law. This follows the bill's passage in the state Senate and Assembly last week, where it saw unanimous bipartisan support. Currently, less than 1% of California students...
July 16-17 Amazon Prime Day shipping box

Amazon Prime Day Returning July 16 and 17

The 10th Amazon Prime Day will be held next month, bringing millions of deals to Prime members. About the upcoming Prime Day: Amazon's popular Prime Day will return on July 16th and 17th. The latest event will be offered in the United States as well as the United Kingdom, France, Japan, and more than a dozen other countries on these dates. However, Prime Day will be celebrated in India later...
carry on travel bag and a Starbucks coffee

Starbucks and Marriott Bonvoy Announce Rewards Partnership

Two popular loyalty programs are joining forces to reward travelers (and keep them caffeinated). About the partnership: Starting this week, Starbucks Rewards and Marriott Bonvoy members will be able to link their accounts and earn bonus rewards. First, those with linked accounts will earn Double Stars during stays at participating Marriott Bonvoy properties. If a regular Starbucks Double Stars Day falls during one of these stays, members can earn Triple...
Pepper logo

Pepper App Offering 10% Off Lowe's Gift Cards for Father's Day

The cashback app Pepper Rewards has a special deal in place for Father's Day weekend. About the offer: Starting today and running through this weekend, Pepper is offering a 10% instant discount on Lowe's gift cards — in addition to the regular 5% back. As a result, users can purchase a $50 gift card for $45, a $100 gift card for $90, a $500 gift card for $450, etc.. The...
Social Media Shopping Survey

Survey: 74% of Shoppers Buy Unnecessary Items on Social Media

A new survey from WalletHub highlights the impact that social media can have on consumers' finances and shopping habits. About the survey: Headlining the survey's findings is the fact that nearly three-quarters (74%) of respondents report that they've made impulse purchases of unnecessary items on social media. Furthermore, 63% say they regret purchases they've made from these platforms. As a result, two-thirds say that social media in general helps to...
ForgiveCo envelope

EarnIn Announces Erasure of $10.6 Million in Consumer Debt

The on-demand pay app EarnIn has teamed up with ForgiveCo to eliminate a chunk of consumer debt. About the debt alleviation: EarnIn has revealed that the company has relieved more than $10.6 million in consumer debt. According to a press release, this primarily consisted of credit card debt and auto loans. Specifically, this debt relief was applied to select residents of Atlanta, Georgia with household incomes of less than $100,000...
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A Guide to Building Credit and Increasing Your Credit Scores

When it comes to credit, there’s some good news. The average credit score in the United States has been steadily rising in recent years, coming in at 715 in 2023. That may be because, today, consumers not only have more ways to access their credit reports and scores than ever before but also because there are an increasing number of options that Americans have for building credit in the first...

2024 SoFi Checking and Savings Review

Ever since I started taking an interest in the FinTech sector, one company whose name I’ve seen pop up over and over again is SoFi. Lately it seems as though that theme has been sent into overdrive as the company has not only become a household name thanks to its stadium naming rights deal but also because of the company’s continued product expansions. The most interesting development in my mind...
Brim logo

Brim Financial Raises $85 Million as It Eyes Global Expansion

Toronto-based FinTech infrastructure startup Brim Financial has announced a new funding round. About the round: Brim has revealed an $85 million round. The Series C was led by EDC Investments while new investor Vistara Growth and returning investors White Owl Group, Epic Ventures, and Zions Bank also participated. To date, the company has now raised $110 million including a Series B in 2021. According to Brim, the latest funding will...
Chase Freedom Flex card

Chase Reveals Q2 2024 Freedom 5%(+) Bonus Categories

Chase has announced its bonus category picks for the second quarter of 2024 — including some interesting twists. About the categories: As April approaches, Chase has revealed what categories Freedom and Freedom Flex cardholders can earn bonuses on. From April 1st through June 30th, customers can earn 5% (or more) in three categories: Amazon.com, Hotels, and Restaurants. Similar to how Chase embraced a "New Year, New Me" theme last quarter,...
Rent Day

Bilt Announces Home Collection Deal for May 2024 Rent Day

For May's Rent Day, Bilt is offering a deal that will allow members to decrease their rent bill while also adding to their home decor. About the Home Collection offer: Bilt has crafted a unique Rent Day offer for May 2024. Through the 1st, when Bilt members redeem their points toward rent payments, they'll receive the same number of points to be used toward Bilt Home Collection items. To take...